{
  "title": "Qatar: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Qatar",
  "publication": "IMF Staff Country Reports, February 24, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/02/24/qatar-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-562636",
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  "summary": "The 2024 Article IV Consultation with Qatar highlights that growth normalization after the 2022 FIFA World Cup continued with signs of activities strengthening more recently. Fiscal and external surpluses softened mainly due to lower hydrocarbon prices.",
  "sections": [
    {
      "heading": "Summary and Key Findings",
      "content": "- Growth normalization after the 2022 FIFA World Cup continued with signs of activities strengthening more recently.\n- Fiscal and external surpluses softened mainly due to lower hydrocarbon prices.\n- Banks are healthy but pockets of vulnerabilities remain.\n- Near-term growth is expected to strengthen gradually.\n- The medium-term outlook is more favorable, bolstered by massive liquid natural gas production expansion and reform gains.\n- Fiscal and external surpluses will likely remain but moderate.\n- The authorities’ commitment to continued fiscal prudence is welcome.\n- The currency peg continues to serve the country well.\n- Efforts to strengthen liquidity management are welcome and should be guided by the recent IMF technical assistance.\n- Successful Third National Development Strategy implementation requires proper reform prioritization and inter-agency coordination."
    },
    {
      "heading": "Growth and Outlook",
      "content": "- Near-term: Growth is expected to strengthen gradually.\n- Medium-term: Outlook is more favorable due to massive liquid natural gas production expansion and reform gains."
    },
    {
      "heading": "Fiscal and External Position",
      "content": "- Fiscal surpluses: Softer, mainly because of lower hydrocarbon prices.\n- External surpluses: Softer, mainly because of lower hydrocarbon prices.\n- Outlook: Fiscal and external surpluses will likely remain but moderate."
    },
    {
      "heading": "Financial Sector and Liquidity Management",
      "content": "- Banking sector: Banks are healthy but pockets of vulnerabilities remain.\n- Liquidity management: Efforts to strengthen liquidity management are welcome and should be guided by the recent IMF technical assistance."
    },
    {
      "heading": "Policy and Reform Priorities",
      "content": "- Fiscal policy: Continued fiscal prudence is welcomed by the IMF staff.\n- Exchange rate policy: The currency peg continues to serve the country well.\n- Development strategy: Successful Third National Development Strategy implementation requires proper reform prioritization and inter-agency coordination."
    },
    {
      "heading": "Subject Matter and Keywords (as listed)",
      "content": "- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Crime, Economic sectors, Expenditure, Public sector\n- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Global, headline inflation, holdings of SDR, hydrocarbon price, Public sector, Qatar national, Qatari economy well\n\n---\n\n Content in this bundle\n\n- 1qatea2025001 Print Pdf\n  - 1qatea2025001 Print Pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1qatea2025001 Print Pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 24, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229001069.002",
    "Growth normalization after the 2022 FIFA World Cup continued with signs of activities strengthening more recently.",
    "Fiscal and external surpluses softened mainly due to lower hydrocarbon prices.",
    "Banks are healthy but pockets of vulnerabilities remain.",
    "Near-term growth is expected to strengthen gradually.",
    "The medium-term outlook is more favorable, bolstered by massive liquid natural gas production expansion and reform gains.",
    "Fiscal and external surpluses will likely remain but moderate.",
    "The authorities’ commitment to continued fiscal prudence is welcome.",
    "The currency peg continues to serve the country well.",
    "Efforts to strengthen liquidity management are welcome and should be guided by the recent IMF technical assistance.",
    "Successful Third National Development Strategy implementation requires proper reform prioritization and inter-agency coordination.",
    "Near-term: Growth is expected to strengthen gradually.",
    "Medium-term: Outlook is more favorable due to massive liquid natural gas production expansion and reform gains.",
    "Fiscal surpluses: Softer, mainly because of lower hydrocarbon prices.",
    "External surpluses: Softer, mainly because of lower hydrocarbon prices.",
    "Outlook: Fiscal and external surpluses will likely remain but moderate.",
    "Banking sector: Banks are healthy but pockets of vulnerabilities remain.",
    "Liquidity management: Efforts to strengthen liquidity management are welcome and should be guided by the recent IMF technical assistance.",
    "Fiscal policy: Continued fiscal prudence is welcomed by the IMF staff.",
    "Exchange rate policy: The currency peg continues to serve the country well.",
    "Development strategy: Successful Third National Development Strategy implementation requires proper reform prioritization and inter-agency coordination.",
    "Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Crime, Economic sectors, Expenditure, Public sector",
    "Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Global, headline inflation, holdings of SDR, hydrocarbon price, Public sector, Qatar national, Qatari economy well",
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